After Falling Nearly 40% Since Its IPO, Has Figma Stock Become a Bargain Buy?


Figma (NYSE: FIG) stock went public on July 31, and initially, it got off to a hot start. It opened the day at $85 and reached a high of nearly $143 the following day. Things looked promising for early investors.Then, however, the stock ended up crashing as worries about its valuation and the potential of a bubble began to weigh on growth investors. And its recent earnings numbers may not have helped. Last week, it closed at just over $53, which is a near-40% decline from where it opened on its first day of trading.Has this tech stock become a bargain buy at its current levels, or could more of a decline be coming for Figma in the weeks and months ahead?Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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